Latest Ratios: P/E Ratio 70.9x · EV/EBITDA 13.7x · ROE 1.9%. (1997–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $57M | $59M | $74M | $83M | $24M | $22M | $23M | $13M | $4M | $8M | $8M |
| Enterprise Value | $61M | $63M | $73M | $80M | $28M | $26M | $29M | $20M | $13M | $16M | $12M |
| P/E Ratio → | 70.92 | 72.08 | 17.56 | 13.04 | 7.47 | 4.33 | 8.67 | 7.50 | — | — | — |
| P/S Ratio | 1.10 | 1.13 | 1.59 | 1.78 | 0.61 | 0.65 | 0.62 | 0.39 | 0.13 | 0.25 | 0.22 |
| P/B Ratio | 1.24 | 1.26 | 1.80 | 3.09 | 1.14 | 1.04 | 1.48 | 2.14 | 4.88 | 2.39 | 1.21 |
| P/FCF | — | — | — | 12.92 | 29.97 | 9.33 | 10.43 | 8.16 | — | — | — |
| P/OCF | 90.48 | 92.92 | 16.33 | 9.38 | 6.28 | 5.63 | 6.96 | 5.21 | — | — | 48.56 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.21 | 1.56 | 1.72 | 0.71 | 0.78 | 0.79 | 0.58 | 0.38 | 0.50 | 0.31 |
| EV / EBITDA | 13.73 | 14.07 | 12.22 | 9.34 | 6.20 | 7.05 | 6.29 | 7.00 | — | — | — |
| EV / EBIT | 26.03 | 26.69 | 14.24 | 10.32 | 7.01 | 17.16 | 10.79 | 10.73 | — | — | — |
| EV / FCF | — | — | — | 12.52 | 34.87 | 11.24 | 13.41 | 12.31 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.4% | 15.4% | 22.2% | 28.1% | 20.9% | 20.4% | 21.1% | 17.3% | 7.7% | 4.1% | 7.6% |
| Operating Margin | 4.5% | 4.5% | 9.4% | 15.6% | 7.5% | 5.8% | 8.3% | 4.0% | -6.1% | -10.4% | -5.4% |
| Net Profit Margin | 1.6% | 1.6% | 9.1% | 13.6% | 8.1% | 14.9% | 7.1% | 5.2% | -7.7% | -11.5% | -9.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.9% | 1.9% | 12.4% | 26.5% | 15.2% | 27.7% | 24.2% | 50.1% | -120.1% | -74.8% | -42.9% |
| ROA | 1.3% | 1.3% | 7.9% | 14.3% | 7.6% | 12.9% | 9.0% | 8.7% | -12.9% | -17.9% | -15.9% |
| ROIC | 3.9% | 3.9% | 10.3% | 22.2% | 8.8% | 6.2% | 13.1% | 9.2% | -14.8% | -23.6% | -12.7% |
| ROCE | 4.7% | 4.7% | 11.0% | 22.7% | 9.2% | 6.6% | 18.1% | 29.3% | -75.6% | -53.4% | -18.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.14 | 0.14 | 0.15 | 0.25 | 0.54 | 0.65 | 0.73 | 1.35 | 10.86 | 2.57 | 0.73 |
| Debt / EBITDA | 1.44 | 1.44 | 1.01 | 0.77 | 2.50 | 3.69 | 2.42 | 2.92 | — | — | — |
| Net Debt / Equity | — | 0.08 | -0.04 | -0.10 | 0.19 | 0.21 | 0.42 | 1.09 | 9.74 | 2.31 | 0.54 |
| Net Debt / EBITDA | 0.88 | 0.88 | -0.26 | -0.30 | 0.87 | 1.20 | 1.39 | 2.36 | — | — | — |
| Debt / FCF | — | — | — | -0.41 | 4.90 | 1.91 | 2.97 | 4.15 | — | — | — |
| Interest Coverage | 1.84 | 1.84 | 134.13 | 63.94 | 29.10 | 20.43 | 12.83 | 5.64 | -5.30 | -11.84 | -7.16 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.82 | 2.82 | 2.93 | 2.15 | 2.23 | 2.44 | 1.94 | 0.92 | 0.68 | 0.75 | 0.99 |
| Quick Ratio | 2.01 | 2.01 | 2.22 | 1.71 | 1.74 | 1.91 | 1.56 | 0.66 | 0.47 | 0.53 | 0.65 |
| Cash Ratio | 0.88 | 0.88 | 1.29 | 0.87 | 0.70 | 1.00 | 0.49 | 0.11 | 0.06 | 0.05 | 0.11 |
| Asset Turnover | — | 0.78 | 0.77 | 0.99 | 0.95 | 0.79 | 1.04 | 1.52 | 1.87 | 1.48 | 1.84 |
| Inventory Turnover | 3.93 | 3.93 | 3.81 | 5.48 | 6.12 | 5.50 | 7.82 | 7.71 | 8.68 | 8.12 | 8.72 |
| Days Sales Outstanding | — | 108.51 | 94.42 | 88.21 | 95.72 | 84.38 | 97.07 | 79.99 | 70.44 | 97.44 | 56.17 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.2% | 2.2% | — | 1.6% | 4.1% | — | — | — | — | — | — |
| Payout Ratio | 154.5% | 154.5% | — | 20.8% | 31.1% | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.4% | 1.4% | 5.7% | 7.7% | 13.4% | 23.1% | 11.5% | 13.3% | — | — | — |
| FCF Yield | — | — | — | 7.7% | 3.3% | 10.7% | 9.6% | 12.3% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.2% | 2.2% | 0.0% | 1.6% | 4.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $7M | $7M | $6M | $6M | $6M | $5M | $4M | $2M | $2M | $2M |
Operational and liquidity volatility
According to recent market data, Eltek trades at a TTM P/E of 77.50, a multiple that appears disconnected from the company's current negative profitability and contracting revenue trajectory, suggesting that investors are pricing in a recovery that remains unsupported by the most recent quarterly financial performance metrics.
The current valuation implies an optimistic growth outlook that contrasts sharply with the recent 18.2% revenue decline. Investors should monitor whether this premium is driven by speculative interest in defense-tech exposure or a fundamental misunderstanding of the company's inability to scale margins in the current environment.
Based on reported figures, ROIC has deteriorated from a peak of 6.8% in 2023Q4 to a negative 5.1% in 2026Q1, indicating that the firm is currently failing to generate returns on its invested capital that exceed the cost of maintaining its specialized, high-fixed-cost manufacturing infrastructure.
The consistent decline in ROIC suggests that the company's capital allocation toward specialized PCB equipment is not yielding the expected productivity gains. This trend warrants further investigation into whether the current asset base is becoming obsolete or if manufacturing yields have structurally declined below the break-even point.
As reported in financial statements, the Cash Conversion Cycle has expanded to 128 days in 2026Q1, reflecting a significant deterioration in working capital efficiency compared to the 80-day cycle observed in 2023Q4, largely driven by rising inventory days and slower collection of receivables from defense-sector customers.
The lengthening CCC suggests that Eltek is increasingly tying up cash in inventory and uncollected payments, which exacerbates liquidity constraints during periods of revenue contraction. This inefficiency indicates that the company lacks the bargaining power to optimize its payment terms with customers or manage its supply chain effectively.
Based on the latest quarterly filings, the current ratio of 2.84 remains superficially healthy, yet the rapid erosion of cash reserves and the shift to negative operating margins suggest that the company's liquidity position is more vulnerable than the headline ratio implies to an analyst.
While the current ratio appears adequate, the underlying quality of current assets is questionable given the high proportion of work-in-progress inventory that may lack liquidity in a downturn. Investors should monitor the burn rate closely, as the current trajectory suggests that existing cash may be insufficient to sustain operations.
The market frequently misapplies the Price-to-Sales ratio to Eltek, which obscures the company's critical reliance on manufacturing yields and fixed-cost absorption, leading to an overestimation of the firm's value during periods where revenue growth fails to translate into meaningful operating leverage or positive net income.
Using P/S ignores the reality that Eltek's business model is highly sensitive to scrap rates and capacity utilization rather than just top-line volume. A more appropriate metric would be EV/EBITDA or a yield-adjusted margin analysis, which would better capture the true earning power of the specialized PCB manufacturing process.
Includes 30+ ratios · 29 years · Updated daily
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Quick answers to the most common questions about buying ELTK stock.
Eltek Ltd.'s current P/E ratio is 70.9x. The historical average is 24.0x. This places it at the 88th percentile of its historical range.
Eltek Ltd.'s current EV/EBITDA is 13.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.0x.
Eltek Ltd.'s return on equity (ROE) is 1.9%. The historical average is -5.9%.
Based on historical data, Eltek Ltd. is trading at a P/E of 70.9x. This is at the 88th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Eltek Ltd.'s current dividend yield is 2.21% with a payout ratio of 154.5%.
Eltek Ltd. has 15.4% gross margin and 4.5% operating margin.
Eltek Ltd.'s Debt/EBITDA ratio is 1.4x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.